The loan officer won't be able to be predetermine and estimate who you hire and the cost for the architect.I would call your loan officer and be crystal clear to fix the situation. 

Leases are usually flat (no increases) and for a period of 5 years, with two 5-year options to renew at a predetermined amount. 

The remaining cash flow or any profits from a planned sale would be split amongst the investors and you and your partner in a pre-determined split.

The new Bigger Pockets Book on Tax Saving Strategies was an entertaining read ironically.They stated in there that in order to write off business travel you just need to have predetermined planning documented somehow in your email or even texts probably.

My initial thought was that the way this deal could be worth it (aside from experience) on my end would be to pay back investor after a predetermined period (3-5 years) and holding onto the property.

Tax implications would be a big factor, as would the predetermined buyout(or methodology for calculating future buyout amount), but the big factor would be their desire to max out profits weighted against their desired quality of life.But those deals are almost always a result of being observant at the right place and time.

Generally military families (E-7 and above) are great renters as you have the option to call their chain of command if they are giving you trouble and the military already provides a predetermined housing allowance.

Once you move out of that unit, you receive income from those units (at a pre-determined split).

@Matthew Brill  In typical Rich Dad fashion... you found a way to say how can I find the property I want, as opposed to shutting off your brain with the predetermined notion that you can't find it.

Stay clear of the sheriff's auction unless you are an experienced investorIn this case, the sheriff's auction was packed as I have never seen it and the bidding on my interest went way over my predetermined limit.